Pitney Bowes Inc (PBI): Today's Featured Consumer Durables Laggard

Pitney Bowes was a leading decliner within the consumer durables industry, falling $0.21 (-1.2%) to $17.19 on light volume

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Pitney Bowes ( PBI) pushed the Consumer Durables industry lower today making it today's featured Consumer Durables laggard. The industry as a whole closed the day up 1.1%. By the end of trading, Pitney Bowes fell $0.21 (-1.2%) to $17.19 on light volume. Throughout the day, 2,056,644 shares of Pitney Bowes exchanged hands as compared to its average daily volume of 5,131,600 shares. The stock ranged in price between $17.09-$17.55 after having opened the day at $17.48 as compared to the previous trading day's close of $17.40. Other companies within the Consumer Durables industry that declined today were: SGOCO Group ( SGOC), down 11.1%, Kid Brands ( KID), down 6.7%, Furniture Brands International ( FBN), down 4.2% and Global-Tech Advanced Innovations ( GAI), down 3.2%.

Pitney Bowes Inc. provides software, hardware, and services to enable physical and digital communications in the United States and internationally. Pitney Bowes has a market cap of $3.6 billion and is part of the consumer goods sector. Shares are up 63.5% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates Pitney Bowes a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Pitney Bowes as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and generally higher debt management risk.